Reservoir Group has bought two more businesses to add to its portfolio.The oilfield company, based in Aberdeen, has snapped up Dutch firm The Tool Company and Aberdeen's Wellbore.The financial details of the deals has not been revealed but both company's work in the well intervention sector.Pascal Bartette, chief executive officer of Reservoir Group, said: "Both The Tool Company and Wellbore Intervention have ideal profiles to become members of our group.“Each company has demonstrated technical abilities and a service culture that perfectly matches our vision as well as our values. "We are confident that both companies’ existing management will use the backing that Reservoir Group offers to accelerate their business expansion, while maintaining focus and quality of service."Jim Thomson, chief executive officer of Wellbore Intervention, said: “There are challenges for early stage companies that can hinder the swift realisation of ambition. "Joining Reservoir Group will allow us to accelerate the pace of growth for the benefit of all our stakeholders, while retaining the focus on quality of service. I am delighted to announce this development in the evolution of Wellbore Intervention."Joost Mellies, chief executive officer of The Tool Company, said: “Increasing The Tool Company’s capabilities has been a long-standing ambition and we are glad that Reservoir Group will assist us in achieving that.”Read
